361 Manhattan Avenue A, New York City, NY 10026

Building Details

Building Size 1,435 SF More

Year Built 1887 More

Listing Agency: Compass

Listed By: Chelsea Hale Show Phone

Source: Carlinwright

Added: Sep 17 Changed: Nov 9 Last Checked: Nov 8 at 3:01PM

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Investment Insights

Based on property information with market context.

This two-bedroom duplex condo residence combines a townhouse-style layout with the convenience of a condominium setting. The upper level features a large corner living area, high ceilings, hardwood floors, and an eat-in kitchen with stainless steel appliances, a gas range, dishwasher, stone finishes, and a separate dining area. Two bedroom suites occupy the lower level, including a primary bedroom with double closets and a private full bathroom. The second bedroom has its own en-suite bath and opens to a private 10' x 19' patio. A vented washer/dryer and substantial storage add everyday functionality. The home contains 1,435 square feet and is part of an 8-unit condominium completed in 1887. The property is adjacent to Morningside Park and near Frederick Douglass Boulevard dining, neighborhood cafes, local markets, and the A, B, C, and D subway lines.

Key Highlights

• Two‑bedroom duplex condominium with 1,435 square feet
• Two bedroom suites, including a primary bedroom with double closets
• Three full bathrooms and a vented washer/dryer

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$44,897

Cap Rate

3.74%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$897,940 $897.9K

Cap Rate 7%

$641,386 $641.4K

Cap Rate 9%

$498,856 $498.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,435 SF

Gross rent

$85.9K $59.88/SF

− Vacancy

−$4.3K −$2.99/SF

EGI

$81.6K $56.89/SF

− OpEx

−$36.7K −$25.60/SF

NOI

$44.9K $31.29/SF

Area

New York, NY

Vacancy

5.00%

Lease Rate

$59.88 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$897,940

Cap Rate 7%

$641,386

Cap Rate 9%

$498,856

Alternative Uses

Best Use

Apartment 5plus

$641.4K

$561.2K – $748.3K (±1% cap)

NOI $44,897 @ 7.0% cap · market cap 3.74%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.00M

$877.8K – $1.17M (±1% cap)

NOI $70,227 @ 7.0% cap · market cap 5.85%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

1

Residential units

Location Intelligence

Trade Area within ½ mile

9,113

Businesses Nearby

Explore this area Business Placement

Demographics for 10026, NY

35,644

Population

17,648

Households

2

Avg Household Size

37

Median Age

54%

College-Educated

90%

High-School Grad

0.4 sq mi

ZIP Area

89,110

Density / Sq Mi

$74,140

Median Household Income

$56,919

Median Earnings

$1,546

Median Rent

$1,014,100

Median Home Value

Market

Average Price Trend$/SF for Residential income properties in New York City, NY

$1,262 Jul

$1,095 Aug

$1,095 Sep

$1,041 Oct

Properties on Market for Residential income properties in New York City

Jul

Aug

Sep

Oct

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Frequently Asked Questions

What type of property is this?

Residential income property - Duplex condo residence with three full bathrooms, private outdoor space, and townhouse-style separation across two levels.

Where is this residential income property located?

The property is located at 361 Manhattan Avenue A New York City, NY.

What is the asking price?

The asking price for this property is $1,200,000.

What are key features of this property?

This property features: Two‑bedroom duplex condominium with 1,435 square feet; Two bedroom suites, including a primary bedroom with double closets; Three full bathrooms and a vented washer/dryer